Fifth Third Securities Inc. Purchases 2,347 Shares of Invesco QQQ (NASDAQ:QQQ)

Fifth Third Securities Inc. increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,919 shares of the exchange traded fund's stock after purchasing an additional 2,347 shares during the period. Invesco QQQ makes up 4.1% of Fifth Third Securities Inc.'s holdings, making the stock its 2nd biggest position. Fifth Third Securities Inc.'s holdings in Invesco QQQ were worth $48,015,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its stake in shares of Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund's stock valued at $15,904,322,000 after purchasing an additional 32,516,210 shares during the period. Toronto Dominion Bank increased its holdings in Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock valued at $2,080,052,000 after buying an additional 488,815 shares in the last quarter. Empirical Asset Management LLC raised its position in shares of Invesco QQQ by 15,676.3% in the fourth quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund's stock worth $103,720,000 after acquiring an additional 201,597 shares during the period. Main Management ETF Advisors LLC boosted its stake in shares of Invesco QQQ by 33.5% during the 3rd quarter. Main Management ETF Advisors LLC now owns 731,920 shares of the exchange traded fund's stock worth $357,228,000 after acquiring an additional 183,550 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $77,091,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded down $0.76 on Friday, hitting $522.29. The company's stock had a trading volume of 38,747,058 shares, compared to its average volume of 30,541,316. The firm has a fifty day moving average price of $519.55 and a 200-day moving average price of $494.13. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.